Friday, April 19

Tag: Kitchen Product

The Iconic Brand “Tupperware” can go Out of Business, Doubt Over its Growth
11Apr By AdityaNo Comments
News

The Iconic Brand “Tupperware” can go Out of Business, Doubt Over its Growth

ORLANDO, Fla., April 11, 2023 ― Leading global consumer products company Tupperware warned that the company could be going out of business due to unsustainable growth and cash crunch. In a regulatory filing Tupperware said that it has engaged with financial advisors to find financing to keep the company in business.  Further it said, due to the challenging internal and external business economics, coupled with the increased levels and cost of borrowings under its Credit Facility, the Company currently forecasts that, if it is unable to obtain adequate capital resources or amendments to its Credit Agreement, it may not have adequate liquidity in the near term. As a result, the Company has concluded there is substantial doubt about its ability to continue as a going concern. This goi...
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Natural Cookware Brand Raises $350K from The Chennai Angels
16Mar By AnkitaNo Comments
FUNDING

Natural Cookware Brand Raises $350K from The Chennai Angels

Chennai, 16/03/2020: The Chennai Angels (TCA) announced an additional investment of $350k in Good Roots Kitchenware Private Limited, a differentiated and successful online healthy kitchen products store "The Indus Valley". The funds will be used to expand their presence in India’s growing home and kitchen product space.  Mr. Chandu Nair led the investment round with business leaders in Chennai - CK Ranganathan, V Shankar, Sathish Kumar and Lakshmi Narayanan participating in the fund raise. “We are excited to see the growth in The Indus Valley. We believe that the company has great growth potential. This bridge round reaffirms our conviction of the product, the model and core team`` said Mr. Chandu Nair who led the investment from The Chennai Angels.  “We see this se...
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